Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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£1 up as HEIQ
https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-heiq-plc-main-market
HeiQ Plc has appointed Arlington Group Asset Management Limited as its financial adviser and joint broker, Cenkos Securities plc as joint broker and Newgate Communications as its UK public relations adviser. BDB Pitmans has acted as the UK legal adviser.
Quick facts
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Market:
Main Market
Instrument market cap (£m)
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Listing/Admission to trading
07 Dec 2020
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HeiQ Co-Founder & CEO Carlo Centonze said, “Today’s listing is a major milestone for HeiQ, and we are delighted to welcome our new investors aboard the ship. We have spent the past 15 years building HeiQ to become one of the leading textile materials innovators in the world, and the cash generative, high margin profile of our business demonstrates the success we have experienced.
“The fundraise will enable HeiQ to build on the significant momentum achieved so far in 2020. There are many opportunities to capture more market share through increased sales of our core products to major brands. These have grown 17% in the first half of the year and, in parallel, we have entered lucrative new markets with additional high margin innovations.
“The antimicrobial market, which has grown into a mainstream request, also presents a compelling growth opportunity going forward. The launch of HeiQ Viroblock more than doubled HeiQ’s revenue in the first half of 2020. We look forward to innovating the antimicrobial field and regularly updating the market regarding new partnerships and contracts in the future.
“We are in a robust financial position with a healthy balance sheet and revenue. We have been cash-generative for many years. The business has substantial IP, technology and regulatory permits which create strong barriers to entry. Management holds almost a quarter of the shares and are fully aligned with our original shareholders. Our brand equity has experienced strong growth which will likely lead to further requests by consumers. In summary, we believe the months and years ahead look bright for the enlarged group.”
London Stock Exchange today welcomes HeiQ Plc (LSE: HEIQ) to trading on the Main Market.
HeiQ is a global, profitable pioneer in the $24 billion textile chemicals market, directly serving the $10 billion antimicrobial textile market with its recent Swiss Technology Award-winning HeiQ Viroblock technology. Founded in 2005, HeiQ has grown into a high growth, cash generative company which employs more than 100 people around the world.
The Company has created some of the most effective, durable and high-performance textile technologies in the market today which cool, warm, dry, repel, purify and stop viruses. So far, HeiQ has developed over 200 technologies in partnership with over 300 major brands, including Burberry, GAP, New Balance, Patagonia, Speedo, The North Face and Zara.
The Company’s shares were admitted to the Standard Segment of the Official List of the Financial Conduct Authority at 8:00 am on Monday 7th December 2020 by way of a reverse take over into Auctus Growth Plc. The admission follows an oversubscribed placing and subscription, raising £60 million (before expenses) from institutional and other investors.
Led by an experienced management team, HeiQ rapidly researches new solutions for partners, quickly delivers scaled up manufacturing from its sites across the world and helps partners market the product to end consumers – aiming for lab to consumer in a matter of months.
HeiQ’s latest innovation - HeiQ Viroblock – is an award-winning antimicrobial technology which helps in the fight against enveloped viruses, including SARS-Cov-2 (the virus causing COVID-19). This technology is already being used by more than 150 major brands such as Burberry.
The Company’s aim is to deliver growth for its shareholders by driving increased sales of HeiQ’s core products and by entering additional lucrative markets through disruptive innovations:
Increasing market penetration of core innovations, including HeiQ Fresh AIR (developed for a leading Swedish home furnishing retailer); HeiQ Smart Temp (used by Japan’s biggest casual wear retailer and American clothing brand, Hanesbrands, Inc.) and HeiQ Clean Tech (winner of the Swiss Environmental Award in 2019).
Building on the significant momentum achieved by HeiQ Viroblock: developing HeiQ’s licensing and royalty business, which will see the brand name HeiQ Viroblock licensed together with the technology to third parties in return for royalty payments.
Developing new disruptive innovations: numerous projects in the R&D pipeline, including HeiQ GrapheneX for industrial filtration. The industrial filtration market was over $29 billion in 2020 - CAGR of 6.9% from the period of 2020 to 2025.
Too long?
Anyone know if there is a typical timeframe for a yay or nay on these type of talks?
Let's hope so, there must be a reason I said similar last year. Or 3 posts ago. lol
Wow, Auctus might actually achieve something after all these years....
L.
have put a small fill or kill order in . can never buy any (or rarely sell any ) I would have thought they'd be some acquisition opportunities about .
Twitterati P&D on the case. Usual suspect.
I feel a bit vampirish awaken from a long sleep in a coffin. Let's hope it actually means something.
don't try normally , it's impossible to buy ...lol
Could be transactions promised at final result
"... ... I can confirm that the Board is currently assessing a potential transaction and whilst there can be no guarantee the transaction will proceed the Board is encouraged by the initial due diligence being carried out."
Wakey, wakey everyone....
Hopefully the transaction will proceed to the benefit of shareholders!
Strange company
Due this month.
I wonder if they will have anything of interest in them?
l was thinking of sending them an email, only l can't think of anything to say.
Anyone tried buying shares in this company recently? I've been told by Halifax this is a complex share and as such they require further information from the company before they will authorise purchases and this has not been received yet.....?
Must be due soon. Any kind of update here would be welcome!
Is the best way to describe this!
It must be one big and very alert monkey! Could do with some news here.
catcheee monkey.......
I hope you are right Tommy! I had high hopes for this when it listed but the longer it goes on... ... The positive for me is that its a main market listed shell and cash burn is minimal. Here's hoping your expectations are correct on Monday.
For those that believe at 16.25, well I was expecting news on Monday, (dont ask me how) we will see.
stevenc72 Hi, I am surprised to hear circum was mentioned to the bod a couple of years ago as it was a shot in the dark from me, I notice a mining licence from the government was issued recently to extract the potash, so it would seem that finance is the next and most important stumbling block but one way or another such a huge resource will be extracted. Zulu could well be another option, either way I have a gut feeling Auct are on the cusp of a deal within a very short period of time.